ProShare Advisors LLC Boosts Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

ProShare Advisors LLC grew its position in Church & Dwight Co., Inc. (NYSE:CHD) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,864,115 shares of the company’s stock after acquiring an additional 68,896 shares during the quarter. ProShare Advisors LLC owned approximately 0.76% of Church & Dwight worth $195,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CHD. Barclays PLC boosted its position in Church & Dwight by 63.9% during the 3rd quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock valued at $115,832,000 after purchasing an additional 431,257 shares during the period. Czech National Bank lifted its holdings in shares of Church & Dwight by 6.5% in the fourth quarter. Czech National Bank now owns 53,121 shares of the company’s stock valued at $5,562,000 after buying an additional 3,250 shares during the period. Signal Advisors Wealth LLC lifted its holdings in shares of Church & Dwight by 10.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 3,456 shares of the company’s stock valued at $362,000 after buying an additional 328 shares during the period. Oak Thistle LLC acquired a new stake in shares of Church & Dwight in the fourth quarter valued at $807,000. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Church & Dwight during the fourth quarter worth $639,000. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Truist Financial boosted their target price on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Church & Dwight from $106.00 to $98.00 and set an “underweight” rating for the company in a research note on Friday, April 11th. Bank of America upgraded Church & Dwight from a “neutral” rating to a “buy” rating and upped their price target for the stock from $112.00 to $125.00 in a research note on Tuesday, April 15th. TD Cowen downgraded Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company increased their target price on Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and a consensus price target of $109.13.

Insider Buying and Selling at Church & Dwight

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $115.98, for a total value of $6,322,069.80. Following the transaction, the executive vice president now directly owns 10,497 shares in the company, valued at $1,217,442.06. This trade represents a 83.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard A. Dierker acquired 7,950 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average cost of $94.66 per share, for a total transaction of $752,547.00. Following the purchase, the chief executive officer now directly owns 16,358 shares in the company, valued at $1,548,448.28. This trade represents a 94.55% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 80,230 shares of company stock worth $8,903,734. Insiders own 2.00% of the company’s stock.

Church & Dwight Trading Down 0.7%

Shares of CHD opened at $93.43 on Thursday. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The stock has a 50 day simple moving average of $103.00 and a 200-day simple moving average of $105.34. The stock has a market cap of $23.01 billion, a PE ratio of 39.42, a PEG ratio of 3.32 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm posted $0.96 EPS. The business’s revenue was down 2.4% on a year-over-year basis. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a $0.295 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.26%. Church & Dwight’s payout ratio is 50.64%.

Church & Dwight Company Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.